Soy & Milk Protein Ingredients Market Driven by Numerous Health Benefits of Soy & Milk

Global Soy and Milk Protein Ingredients Market: Brief Account

The worldwide soy and milk protein ingredients market is envisaged to invite radical growth prospects on the back of the snowballing awareness about several health benefits. Apart from an estimated 38.0% protein content, soy contains all the nine essential amino acids in just the right proportion that is ideal for human health. Vendors could look to extend their presence in the market through collaborations and partnerships. For instance, after Vitasoy’s success in Hong Kong, Australia, and China, the company has shaken hands with Universal Robina Corporation to serve its soy milk products in the Philippines.

According to this market intelligence publication, the worldwide soy and milk protein ingredients market could be segregated as per three critical categories, viz. soy protein ingredients by type, soy protein ingredients by application, and milk protein ingredients by type.

The authors of the study have brought to light some vital statistics and elements crucial for the growth of the worldwide soy and milk protein ingredients market. Readers are envisioned to receive a sound understanding of the market that could help them to take confident strides forward in their business.

Global Soy and Milk Protein Ingredients Market: Trends and Opportunities

The world soy and milk protein ingredients market is prophesied to receive a strong momentum in the coming years due to the incredible and singular functional benefits of various products sold therein. The high solubility, water binding, emulsification, and whipping functionalities of whey protein find use in several applications such as breads, sausages, and cakes. Mounting awareness about the health benefits of soy and milk protein ingredients is anticipated to raise the expectations of players operating in the market. Besides this, the preference for soy and milk proteins could be furthered with the increasing adversative effects of animal proteins.

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However, the demand in the world soy and milk protein ingredients market is predicted to suffer due to the negative effects of using pea proteins and genetically modified soy proteins. Nevertheless, a host of reliable business prospects could take shape in the market because of the higher growth of casein milk protein ingredient on account of applications such as rheology agents, foaming agents, and emulsifiers. The augmenting demand for milk protein concentrates could also create opportunities with the replacement of dairy products.

Global Soy and Milk Protein Ingredients Market: Geographical Analysis

Rising awareness about the benefits of plant-derived proteins is foreseen to be accredited for a larger count of consumers existing in key regions such as Europe and North America. However, saturation could slow down growth in the aforementioned regional markets during the forecast period. Nonetheless, Asia Pacific is prognosticated to hold the reins of the international soy and milk protein ingredients market in terms of milk product consumption. This could be due to the usage flexibility and low cost offered by milk protein concentrates.

Global Soy and Milk Protein Ingredients Market: Companies Mentioned

The analysts authoring the report are expected to shed light on the recent developments, financial growth, and business strategies of significant players in the worldwide soy and milk protein ingredients market. Companies such as Cargill, Inc., Biologicals Products Co. Ltd., Linyi Shansong, Scoular Company, and ADM, Inc. could pose a tough competition in the market.

The global soy and milk protein ingredients market is segmented into the following categories:

Global Soy Protein Ingredients Market by Type

• Soy Protein Isolates
• Soy Protein Concentrates
• Soy Protein Hydrolysates
• Soy Flours

Global Soy Protein Ingredients Market by Application

• Bakery and Confectionary
• Meat Alternatives
• Functional Foods
• Dairy Replacement
• Infant Foods

Global Milk Protein Ingredients Market by Type

• Milk Protein Concentrates and Isolates
• Casein/Caseinates
• Whey Protein Concentrates
• Whey Protein Isolates
• Whey Protein Hydrolysates
• Skimmed Milk Powder

Global Soy and Milk Protein Ingredients Market by Geography

• North America
• Europe
• Asia Pacific
• Rest of the World 

Soy & Milk Protein Ingredients Market is Expected to Expand at a CAGR of 5.6% from 2011 to 2018

Due to the presence of a large number of leading players, the global soy and milk protein ingredients market is highly competitive, states Transparency Market Research (TMR) in a new report. The market is also considered to be highly fragmented as there are numerous regional and multinational companies vying for a larger share of revenue. The growth of the global soy and milk protein market is being brought about by the shift in consumer preferences and consumer awareness. The four leading companies, Dupont Solae, Bunge, ADM, and Cargill, accounted for a share of 66.5% in the global soy and milk protein market in 2011. To maintain a lead in the global soy and milk protein ingredients market, the established players are shifting their focus towards product innovation and differentiation through the development of new and high quality products and packaging.

The global soy and milk protein ingredients market is expected to expand at a CAGR of 5.6% from 2011 to 2018. In 2015, the market was valued at US$24.14 bn and is well-poised to reach US$28.54 bn by the end of 2018. Based on product types, the soy protein hydrolysates segment is expected to register strong growth and dominate the global soy and milk protein ingredients market with a contribution of approximately 57.5% to the total market revenue. The soy hydrolysates segment is anticipated to rise at a CAGR of 6.3% during the forecast period.

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Geographically, Europe is projected to emerge dominant in the consumption of milk protein products and hold the leading shares until 2018 owing to the usage flexibility of milk protein concentrates and low cost of milk protein ingredients. The market for soy and milk protein ingredients in Europe is anticipated to rise to a valuation of US$13.23 bn by 2018 from US$11.26 bn in 2015.

Change in Food Consumption Patterns to Drive Consumption of Soy and Milk Protein Globally

Earlier, due to the lack of knowledge regarding the benefits of various types of proteins, consumers tended to refrain from the consumption of proteins. However, owing to changing lifestyle and concerns regarding healthy living and consumption of balanced diet, consumers have shifted towards the consumption of proteins, specifically soy and milk proteins.

According to a TMR analyst, “A visible change in food consumption patterns and intake of high-nutrition diet is likely to fuel the demand for soy and milk protein ingredients.” The need for protein rich food products for infants such as cereals is further expected to drive the growth of the global soy and milk protein ingredients market. Moreover, the availability of strong scientific evidential support regarding the health benefits of proteins along with rise in the research and development activities regarding the development of advanced soy and milk protein ingredients with a wider application scope are further anticipated to drive the growth of the global soy and milk protein ingredients market.

Volatile Prices of Raw Materials to Inhibit Growth of Global Soy and Milk Protein Ingredients Market

Owing to the imbalance in the demand and supply of raw materials, specifically grains, the price of soybean is prone to fluctuations. The volatile prices of raw materials ultimately result in a significant rise in the cost of production of soy protein ingredients. As a result of this, manufacturers refrain from manufacturing protein ingredients. The high cost of protein products is also likely to impede the demand for soy and milk protein ingredients in the coming years. Furthermore, strict government imposed regulations are anticipated to inhibit the growth of the global soy and milk protein ingredients market.

Untapped Markets to Provide Profitable Growth Prospects to Manufacturers

Increasing awareness regarding the benefits of proteins among consumers in several emerging economies such as India and China is likely to provide manufacturers with lucrative opportunities in terms of business expansion in these untapped markets. Moreover, the growing demand for soy and milk protein ingredients form specific consumer segments such as patients suffering from diabetes, obesity, and cardiac patients as well as from pregnant women is further anticipated to help manufacturers expand their consumer base.

The review is based on a report titled, “Soy & Milk Protein Ingredients Market (Concentrates, Isolates & Hydrolysates) - Global Industry Analysis, Market Size, Share, Growth and Forecast 2010 - 2018.”

Soy protein ingredients market, by types

• Soy Protein Isolates
• Soy Protein Concentrates
• Soy Protein Hydrolysates
• Soy Flours
• Others

Soy protein ingredients market, by applications

• Bakery & Confectionary
• Meat Alternatives
• Functional Foods
• Dairy Replacement
• Infant Foods
• Others

Milk protein ingredients market, by types

• Milk Protein Concentrates & Isolates
• Casein/Caseinates
• Whey Protein Concentrates
• Whey Protein Isolates
• Whey Protein Hydrolysates
• Skimmed milk powder
• Other

In addition the report provides a cross-sectional analysis of all the above segments with respect to the following geographical markets:

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Soy and Milk Protein Ingredients Market is Expected to Grow at a CAGR of 6% 2013 and 2018

Soy and milk protein has always been on the top list which includes all the alternative dairy milk beverages. The soy and milk protein ingredients industry have been gaining popularity owing to the healthy benefits that are related with it. The soy and milk proteins ingredients are a rich source of high quality proteins with a variety of functional properties. It is a significant source of minerals, calories, and fatty acids that are essential for the human body. Nevertheless, there is a lot of negative impact of genetically modified soy and the challenging environment of the protein industry which includes pea proteins, milk proteins, and other animal proteins. These factors are likely to restrain the growth of soy and milk protein ingredient market globally.

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In 2010, the global soy and milk protein ingredients market was valued at UD$8500 million and is believed to touch US$13000 million by the end of 2018. The market is anticipating a substantial growth of around 6% CAGR between the years 2013 and 2018.

Diversity of Application Is Believed To Fuel the Global Soy and Milk Protein Market

The soy protein ingredients market is further segmented on the basis of types such as soy protein, hydrolysates, soy protein concentrates, soy protein isolates, soy flours, and others. Furthermore, the soy protein ingredient market finds its application in different industries such as infant foods, meat alternatives, bakery & confectionery, dairy replacements, and functional foods among others. As a result of diversity of industrial applications, the market demand for soy proteins is expected to boost in the forecast period.

The further segmentation of the milk protein ingredients industry is done on the basis of types which include skimmed milk powder, casein/caseinates, whey protein hydrolysates, whey protein concentrates, whey protein isolates, milk protein concentrates & isolates, and others.

Asia Pacific to Lead the Global Soy and Milk Protein Ingredients Market in the Forecast Period

The global soy and milk protein ingredients industry has been segmented geographically into four parts which are: Europe, Asia-Pacific, North America, and ROW (Rest of the World). Among all the segments, Europe is the biggest consumer of soy proteins. However, Asia Pacific is anticipated to be the most progressive market in the forecast period. The developing economies and countries such as India, China, and Brazil are believed to be the most attractive markets in the coming six years.

Speaking of isolated soy proteins, soy flour, and soy protein concentrates, Asia Pacific is the biggest consumer. The tremendously increasing population and the high living standards are considered to be the key growth drivers for the milk protein ingredients market in terms of revenue. In addition to this, the rising awareness among consumers about the severe effects of animal protein is leading to a bend towards plant and milk proteins. Milk protein concentrates have been replacing the dairy products in the market owing to their low cost and usage flexibility.

Major Players of the Global Soy and Milk Protein Ingredients Industry

The global market of soy and milk protein ingredients industry is very comprehensive. The key players of the industry are Burcon NutraScience, Armor Proteins, George Weston Foods, Kellogg Company, Omega Protein Corporation, MGP Ingredients, Dupont, ADM, and Bunge Alimentos SA. The increasing competition is attracting many new entities to enter the industry. Some of the other players operating in the market are Kraft Foods, DuPont Agriculture & Nutrition, Dean Foods Company, Manildra Group, Gelita Group, Cargill Health & Food Technologies, Kerry Ingredients Inc., and Doves Farm Foods.

Global Soy and Milk Protein Ingredients Market to Exhibit 6% CAGR 2010-2018 Owing to High Demand among Health Conscious People

The global soy and milk protein ingredients market is witnessing increased popularity these days, thanks to the numerous health benefits of these products and the rising awareness about the potential adverse health effects of animal proteins. The market and its crucial elements have been examined in a recent market research report published by Transparency Market Research. The report states that the market will exhibit a healthy 6% CAGR over the period from 2010 through 2018, and rise to a valuation of US$13000 mn by 2018 from US$8500 mn in 2010.The market is, however, expected to be restrained to a certain extent by issues regarding allergies and other health concerns arising from the use of genetically modified soy, and the inclusion of pea and certain animal proteins in products.The report is titled “Global Soy & Milk Protein Ingredients Market - Industry Analysis, Market Size, Share, Growth And Forecast 2010 - 2018,” and is available on the company website for sale.

Soy and milk protein ingredients make an important segment of the overall proteins market. These organic protein supplements are witnessing significant demand from the world’s health conscious demographic owing to the several economic and functional benefits of these products. Demand for soy protein ingredients, which are considered a satisfactory alternative to milk proteins, has also increased in the past few years owing to the rising numbers of lactose intolerant people across the globe.

The report segments the global soy and milk protein ingredient market on the basis of three broad criteria: Ingredient type, application, and geography.

On the basis of ingredient type, the market for soy protein ingredients has been segmented into soy isolates, soy protein hydrolysates, soy protein concentrates, soy flours, and other varieties. On the basis of application, the market for soy protein ingredients has been segmented into meat alternatives, bakery and confectionary, meat alternatives, dairy replacement, infant food, and functional food.

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The market for milk protein ingredients has been segmented into casein/caseinates, whey protein isolates, skimmed milk powder, whey protein hydrolysates, milk protein concentrates and isolates, and whey protein concentrates. From a geographical perspective, the market has been analyzed for North America, Asia Pacific, Europe, and Rest of the World.

Of the key regional markets for soy and milk protein ingredients examined in the report, North America and Europe are presently the biggest consumers of these products. The market for soy and milk protein ingredients is progressing towards maturity in these regions. Over the forecast period, the market is expected to witness major expansion in Asia Pacific as the region has demonstrated huge demand for milk protein ingredients in the past years. The low cost and usage flexibility provided by milk protein concentrates is the major factor driving the demand for milk protein ingredients in the region.

The report also gives an expansive account of the competitive landscape of the global soy and milk protein market. Some of the major vendors operating in the market profiled in the report are Solbar Ltd., Cargill Inc., ADM Inc., Scoular Company, and DuPont-Solae.

Global Soy and Milk Protein Ingredients Market has been segmented as:

Global Soy Protein Ingredients Market, by types

• Soy Protein Isolates
• Soy Protein Concentrates
• Soy Protein Hydrolysates
• Soy Flours
• Others

Global Soy Protein Ingredients Market, by applications

• Bakery and Confectionary
• Meat Alternatives
• Functional Foods
• Dairy Replacement
• Infant Foods
• Others

Global Milk Protein Ingredients Market, by types:

• Milk Protein Concentrates and Isolates
• Casein/ Caseinates
• Whey Protein Concentrates
• Whey Protein Isolates
• Whey Protein Hydrolysates
• Skimmed Milk Powder
• Other

Global Soy and Milk Protein Ingredients Market, by Geography:

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Soy & Milk Protein Ingredients Market Research Report,2010-2018: Latest Market Overview, Size, Share and Forecast 2018

According to a recent market research report published by Transparency Market Research, the global soy and milk protein ingredients market is anticipated to expand at a CAGR of 6.0% during the period between 2013 and 2018. The report, titled “Global Soy & Milk Protein Ingredients Market - Industry Analysis, Market Size, Share, Growth and Forecast 2010 - 2018”, projects the global soy and milk protein ingredients market to be worth US$13000 mn by 2018. The overall market stood at a valuation of US$8500 mn in 2010.

The report states that the functional benefits of soy and milk protein ingredients are driving the growth of the global soy and milk protein ingredients market. For example, whey protein’s functionalities include whipping, emulsification, water binding, and high solubility. Hence, whey proteins are used in cakes, sausages, and breads. Apart from the growing awareness about the health benefits of soy and milk protein ingredients, adverse effects of animal proteins are also leading consumers to prefer soy and milk proteins. However, negative effects of genetically modified soy and inclusion of pea proteins are expected to restrain the growth of the global soy and milk protein ingredients market.

According to product types, the global soy protein ingredients market has been segmented into soy protein concentrates, soy protein hydrosylates, soy flours, soy protein isolates, and others. Milk protein ingredients have been classified into whey protein hydrosylates, whey protein isolates, casein/ caseinates, skimmed milk powder, whey protein concentrates, milk protein concentrates and isolates, and others. The demand for soy protein isolates is expected to be considerably high during the forecast horizon. Among milk protein ingredients, the demand for casein is anticipated to be the highest in the coming years owing to its extensive applications as emulsifiers, foaming agents, and rheology agents. The demand for milk protein concentrates is also rising as they replace the dairy products in the market.

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On the basis of applications, the report classifies the global soy protein ingredients market into meat alternatives, bakery and confectionary, dairy replacement, functional foods, infant foods, and others. The applications of soy protein ingredients across dairy replacement, infant foods, and bakery and confectionary segments are expected to increase further during the forecast period.

The report studies the global soy and milk protein ingredients market across four key regions: Asia Pacific, Europe, North America, and Rest of the World. North America and Europe have been the biggest consumers of soy and milk protein ingredients owing to growing awareness about the benefits of plant-derived proteins. However, during the forecast horizon, the growth of these regional markets is expected to slow down as they become saturated. In terms of consumption of milk products, Asia Pacific is expected to hold the largest market share of the next couple of years, owing to low cost and usage flexibility offered by milk protein concentrates.

Describing competitive landscape, the report profiles some of the key players in the global soy and milk protein ingredients market such as Scoular Company, ADM Inc., Cargill Inc., Solbar Ltd., DuPont-Solae, and Linyi Shansong Biological Products Co. Ltd.

Global Soy and Milk Protein Ingredients Market has been segmented as:

Global Soy Protein Ingredients Market, by types

• Soy Protein Isolates
• Soy Protein Concentrates
• Soy Protein Hydrolysates
• Soy Flours
• Others

Global Soy Protein Ingredients Market, by applications

• Bakery and Confectionary
• Meat Alternatives
• Functional Foods
• Dairy Replacement
• Infant Foods
• Others

Global Milk Protein Ingredients Market, by types:

• Milk Protein Concentrates and Isolates
• Casein/ Caseinates
• Whey Protein Concentrates
• Whey Protein Isolates
• Whey Protein Hydrolysates
• Skimmed Milk Powder
• Other

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